Annual/Semi-Annual Report by Investment Company (SEC Filing - N-CSRS)

As filed with the Securities and Exchange Commission on July 30, 2021

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF

REGISTERED MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-22770

NEUBERGER BERMAN MLP AND ENERGY INCOME FUND INC.

(Exact name of registrant as specified in charter)

c/o Neuberger Berman Investment Advisers LLC

1290 Avenue of the Americas

New York, New York 10104-0002

(Address of principal executive offices - Zip Code)

Registrant's telephone number, including area code: (212) 476-8800

Joseph V. Amato

Chief Executive Officer and President

Neuberger Berman MLP and Energy Income Fund Inc.

c/o Neuberger Berman Investment Advisers LLC

1290 Avenue of the Americas
New York, New York 10104-0002

Arthur C. Delibert, Esq.

K&L Gates LLP

1601 K Street, N.W.

Washington, D.C. 20006-1600

(Names and addresses of agents for service)

Date of fiscal year end: November 30

Date of reporting period: May 31, 2021

Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940, as amended ('Act') (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget ('OMB') control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549-1090. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Report to Stockholders.

(a) Following is a copy of the semi-annual report transmitted to stockholders pursuant to Rule 30e-1 under the Act.

				Neuberger Berman MLP and Energy Income Fund Inc.
				Semi-Annual Report May 31, 2021

As permitted by regulations adopted by the U.S. Securities and Exchange Commission, paper copies of the Fund's annual and semi-annual shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports. Instead, the reports will be made available on the Fund's website www.nb.com/CEFliterature, and you will be notified by mail each time a report is posted and provided with a website link to access the report. If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from the Fund electronically anytime by contacting your financial intermediary (such as a broker-dealer or bank) or, if you are a direct investor, by calling 800.877.9700 or by sending an e-mail request to [email protected]. You may elect to receive all future reports in paper free of charge. If you invest through a financial intermediary, you can contact your financial intermediary to request that you continue to receive paper copies of your shareholder reports. If you invest directly with the Fund, you can call 800.877.9700 or send an email request to [email protected] to inform the Fund that you wish to continue receiving paper copies of your shareholder reports. Your election to receive reports in paper will apply to all funds held in your account if you invest through your financial intermediary or all funds held with the fund complex if you invest directly with the Fund.

				Contents
				PRESIDENT'S LETTER	1
				PORTFOLIO COMMENTARY	2
				SCHEDULE OF INVESTMENTS	7
				FINANCIAL STATEMENTS	9
				FINANCIAL HIGHLIGHTS	20
				Distribution Reinvestment Plan	22
				Directory	25
				Proxy Voting Policies and Procedures	26
				Quarterly Portfolio Schedule	26
				Privacy Notice	Located after the Fund's Report
The 'Neuberger Berman' name and logo and 'Neuberger Berman Investment Advisers LLC' name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC. ©2021 Neuberger Berman Investment Advisers LLC. All rights reserved.

President's Letter

Dear Stockholder,

I am pleased to present the semi-annual report for Neuberger Berman MLP and Energy Income Fund Inc. (the Fund) for the six months ended May 31, 2021 (the reporting period). The report includes a portfolio commentary, a listing of the Fund's investments, and its unaudited financial statements for the reporting period.

The Fund seeks to provide total return with an emphasis on cash distributions. The Fund remains committed to its investment strategy dedicated to analysis of high-quality master limited partnerships (MLPs) and energy companies, with an emphasis on the midstream natural resources sector.

On January 29, 2021, following continued monitoring of the MLP and energy markets, as well as the impact of market conditions on the Fund's earnings, the Fund announced an increase in its monthly distribution rate to $0.0148 per share of common stock. On June 30, 2021, the Fund announced an increase in its monthly distribution rate to $0.0163 per share of common stock, representing an increase of approximately 10% from the prior monthly distribution rate of $0.0148 per share. Neuberger Berman and the Fund's Board of Directors continue to closely monitor market conditions and the Fund's ability to generate distributable cash flow.

In March of 2021, the Fund amended the terms of its credit facility to bring the amount of available debt financing in line with the Fund's then-current asset level. Under the amended terms, the size of the Fund's credit facility was increased from $50 million to $75 million, the commitment fee and spread-component of the interest rate were lowered and the duration of the credit facility was extended, among other changes.

Neuberger Berman continues to monitor the ongoing developments related to COVID-19 with a particular focus on two areas: the safety and health of its employees and clients, and the ability to continue to conduct effectively its investment and business operations, including all critical services. Neuberger Berman has a dedicated Business Continuity Management team staffed with full-time professionals, who partner with over 60 Business Continuity Coordinators covering all business functions across all geographies. Neuberger Berman currently has not experienced a significant impact on its operating model and will continue to monitor the potential long-term implications for global economies. Neuberger Berman will remain flexible and look to adapt, as necessary, the firm's operations and processes to most effectively manage portfolios.

Thank you for your confidence in the Fund. We will continue to do our best to retain your trust in the years to come.

Sincerely,

Joseph V. Amato

President and CEO
Neuberger Berman MLP and Energy Income Fund Inc.

1

Neuberger Berman MLP and Energy Income Fund Inc. Portfolio Commentary

Neuberger Berman MLP and Energy Income Fund Inc. (the Fund) produced a 42.29% total return on a net asset value (NAV) basis for the six months ended May 31, 2021 (the reporting period), underperforming its benchmark, the Alerian MLP Index (the Index), which posted a 44.09% total return for the same period. The use of leverage (typically a performance enhancer in up markets and a detractor during market retreats) contributed positively to the Fund's performance during the reporting period. (Fund performance on a market price basis is provided in the table immediately following this commentary.)

During the reporting period, there was a dramatic turnaround for the global economy and for the Fund's holdings. Vaccines rolled out at impressive speed, particularly in the U.S., and demand for energy accelerated alongside economic activity. Increased mobility and the lifting of COVID-19 lockdowns continued to raise global energy demand outlooks. In May, the U.S. Energy Information Administration raised predictions for gasoline demand and both the International Energy Agency (IEA) and S&P Global Platts forecasted an increase in the demand for oil. If demand for energy continues to rebound, we believe the Fund is well positioned as its underlying midstream holdings can benefit from potential operating leverage tied to volumetric growth.

Global demand for liquefied natural gas (LNG) and natural gas liquids (NGLs) continues to increase. According to the IEA, global gas demand is estimated to grow this year by 2.8% driven by fast-growing markets in Asia, Africa, Central and South America and the Middle East. We believe natural gas and renewable energy should gain market share as world economies reduce reliance on coal, oil and other energy sources, driving LNG exports to record highs. In our view, investors are also missing a major trend towards growing global consumption and reliance on products derived from NGLs. Even at the height of the pandemic, demand for NGLs, such as propane and ethane, continued to increase. Liquids, such as propane, have been growing as major sources for home heating and cooking for many developing countries. Demand for ethane has continued to increase in the petrochemical sector, where ethane is ultimately the building block for the production of plastics, resins, and fibers that go into the manufacturing of everyday goods. Most durable and non-durable products-such as smartphones, pharmaceuticals, medical supplies, protective equipment, and renewable energy parts-are dependent on this energy feedstock.

Approximately 15% of the Fund's investments are in renewable energy. These names generated a slightly positive return in aggregate during the reporting period but overall lagged the Index. While our exposure to renewables over the last few years has added value, these short-term results are not unexpected given renewable energy's strong run in 2020. We remain committed to energy transition and renewable energy and believe the Fund's holdings will benefit in an environment with compelling tailwinds that include attractive fundamentals, above-market yields, and favorable risk/ reward characteristics. The Environmental, Social, and Governance (ESG) investing trend should also, in our opinion, favor investment in renewables and energy transition initiatives. The Biden Administration's focus on infrastructure investment and climate change has set the stage, we believe, for a potential 'golden period' for these businesses. In addition, we anticipate that certain midstream businesses (those with the right geographic and asset footprints) will also be able to capitalize on the future transition towards meeting the country's climate goals. We believe major themes such as 'green hydrogen' and 'carbon capture' have the potential to propel infrastructure investment for years to come.

Despite the recent rally in our midstream holdings, valuation multiples remain attractive, in our view, relative to historic averages. Higher-quality midstream companies are no longer relying on equity capital markets to fund capital expenditures and dividend coverage remains at an all-time high. Our midstream holdings' cash flows have remained steady and management teams have renewed financial flexibility to use excess cash flow for growth initiatives, debt reduction, share repurchases, and dividends.

2

Sincerely,

Douglas Rachlin
Lead Portfolio Manager

Paolo Frattaroli
Portfolio Manager

The portfolio composition, industries and holdings of the Fund are subject to change without notice.

The opinions expressed are those of the Fund's portfolio managers. The opinions are as of the date of this report and are subject to change without notice.

The value of securities owned by the Fund, as well as the market value of shares of the Fund's common stock, may decline in response to certain events, including those directly involving the issuers whose securities are owned by the Fund; conditions affecting the general economy; overall market changes; local, regional, national or global political, social or economic instability; regulatory or legislative developments; price, currency and interest rate fluctuations, including those resulting from changes in central bank policies; and changes in investor sentiment.

3

4

Endnotes

1	Returns based on the NAV of the Fund.
2	Returns based on the market price of shares of the Fund's common stock on the NYSE American.
3	Please see 'Description of Index' on page 6 for a description of the index.

For more complete information on Neuberger Berman MLP and Energy Income Fund Inc., call Neuberger Berman Investment Advisers LLC at (800) 877-9700, or visit our website at www.nb.com.

5

Description of Index

Alerian MLP Index:

The index is a capped, float-adjusted, capitalization-weighted index that measures the performance of energy infrastructure Master Limited Partnerships (MLPs). The index's constituents earn the majority of their cash flow from midstream activities involving energy commodities. The maximum constituent weight is capped at 10% at each quarterly rebalancing. Effective after market close on December 21, 2018, index constituents were required to have a minimum market cap of $75 million. Prior to this date, the index also included other non-infrastructure energy MLPs.

Please note that the index does not take into account any fees and expenses or any tax consequences of investing in the individual securities that it tracks and that individuals cannot invest directly in any index. Data about the performance of this index are prepared or obtained by Neuberger Berman Investment Advisers LLC and include reinvestment of all income dividends and other distributions, if any. The Fund invests in securities not included in the above described index and generally does not invest in all securities included in the described index.

6

Schedule of Investments MLP and Energy Income Fund Inc.^ (Unaudited)

May 31, 2021

NUMBER OF SHARES		VALUE
Common Stocks 71.3%
Banks 0.9%
18,000		JP Morgan Chase & Co.		$	2,956,320	(a)
Capital Markets 2.1%
32,000		CME Group Inc.			7,000,320	(a)
Electric Utilities 2.3%
106,000		NextEra Energy Inc.			7,761,320	(a)
Equity Real Estate Investment Trusts 1.8%
32,000		Crown Castle International Corp.			6,064,000	(a)
Independent Power and Renewable Electricity Producers 16.5%
150,000		Atlantica Sustainable Infrastructure PLC			5,452,500	(a)
560,000		Clearway Energy Inc.			15,024,800	(a)
486,000		NextEra Energy Partners LP			33,227,820	(a)
60,000		Northland Power Inc.			2,007,533
					55,712,653
Multi-Utilities 9.5%
300,000		CenterPoint Energy Inc.			7,590,000	(a)
36,000		CMS Energy Corp.			2,258,640	(a)
150,000		Dominion Energy Inc.			11,421,000	(a)
80,000		Sempra Energy			10,839,200	(a)
					32,108,840
Oil, Gas & Consumable Fuels 38.2%
200,000		Antero Midstream Corp.			1,920,000	(a)
360,000		Antero Resources Corp.			4,647,600	(a)*
175,000		Cabot Oil & Gas Corp.			2,870,000	(a)
150,000		Cheniere Energy Inc.			12,735,000	(a)*
400,000		ONEOK Inc.			21,096,000	(a)
144,000		Pembina Pipeline Corp.			4,654,080	(a)
1,200,000		Targa Resources Corp.			46,632,000	(a)
1,296,000		Williams Cos Inc.			34,136,640	(a)
					128,691,320
Total Common Stocks (Cost $174,282,607)			240,294,773
NUMBER OF UNITS
Master Limited Partnerships and Limited Partnerships 46.5%
Oil & Gas Storage & Transportation 44.9%
50,000		DCP Midstream LP			1,258,500	(a)
2,960,000		Energy Transfer LP			29,304,000	(a)
1,716,000		Enterprise Products Partners LP			40,514,760	(a)
360,000		MPLX LP			10,306,800	(a)
336,000		NuStar Energy LP			6,165,600	(a)
75,000		Phillips 66 Partners LP			3,006,000	(a)
1,500,000		Shell Midstream Partners LP			21,660,000	(a)
1,960,000		Western Midstream Partners LP			39,160,800	(a)
					151,376,460

See Notes to Financial Statements

7

Schedule of Investments MLP and Energy Income Fund Inc.^ (Unaudited)

(cont'd)

NUMBER OF UNITS		VALUE
Renewable Electricity 1.6%
130,000		Brookfield Renewable Partners LP		$	5,170,100	(a)
Total Master Limited Partnerships and Limited Partnerships (Cost $149,917,207)			156,546,560
NUMBER OF SHARES
Short-Term Investments 0.5%
Investment Companies 0.5%
1,851,410		Invesco STIT Treasury Portfolio Money Market Fund Institutional Class, 0.01%(b)		$	1,851,410
		(Cost $1,851,410)
Total Investments 118.3% (Cost $326,051,224)			398,692,743
Liabilities less other Assets (18.3)%			(61,628,693	)
Net Assets Applicable to Common Stockholders 100.0%		$	337,064,050

*	Non-income producing security.
(a)	All or a portion of this security is pledged with the custodian in connection with the Fund's loans payable outstanding.
(b)	Represents 7-day effective yield as of May 31, 2021.

The following is a summary, categorized by Level (see Note A of Notes to Financial Statements), of inputs used to value the Fund's investments as of May 31, 2021:

Asset Valuation Inputs
Investments:		Level 1		Level 2		Level 3		Total
Common Stocks(a)		$	240,294,773		$	-		$	-		$	240,294,773
Master Limited Partnerships and Limited Partnerships(a)			156,546,560			-			-			156,546,560
Short-Term Investments			-			1,851,410			-			1,851,410
Total Investments		$	396,841,333		$	1,851,410		$	-		$	398,692,743

(a)	The Schedule of Investments provides information on the industry categorization for the portfolio.
^	A balance indicated with a '-', reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Financial Statements

8

Statement of Assets and Liabilities (Unaudited)

Neuberger Berman

		MLP AND
		ENERGY INCOME
		FUND INC.
Assets		May 31, 2021
Investments in securities, at value* (Note A)-see Schedule of Investments:
Unaffiliated issuers(a)		$398,692,743
Dividends and interest receivable		359,211
Federal tax refunds receivable		616,019
Prepaid expenses and other assets		10,651
Total Assets		399,678,624
Liabilities
Loans payable (Note A)		61,200,000
Distributions payable-common stock		16,389
Payable to investment manager (Note B)		250,367
Payable to administrator (Note B)		83,456
Payable to directors		9,067
Interest payable (Note A)		6,820
Other accrued expenses and payables		1,048,475
Total Liabilities		62,614,574
Net Assets applicable to Common Stockholders		$337,064,050
Net Assets applicable to Common Stockholders consist of:
Paid-in capital-common stock		$741,353,153
Total distributable earnings/(losses)		(404,289,103	)
Net Assets applicable to Common Stockholders		$337,064,050
Shares of Common Stock Outstanding ($.0001 par value; 1,000,000,000 shares authorized)		56,658,928
Net Asset Value Per Share of Common Stock Outstanding		$5.95
* Cost of Investments
(a) Unaffiliated issuers		$326,051,224

See Notes to Financial Statements

9

Statement of Operations (Unaudited)

Neuberger Berman
		MLP AND
		ENERGY INCOME
		FUND INC.
		For the
		Six Months
		Ended
		May 31, 2021
Investment Income:
Income (Note A):
Dividend income-unaffiliated issuers		$9,809,140
Return of capital on dividends from master limited partnerships and related companies		(8,826,759	)
Dividend income-unaffiliated issuers		982,381
Foreign taxes withheld		(63,258	)
Interest income-unaffiliated issuers		38
Total income		$919,161
Expenses:
Investment management fees (Note B)		1,284,499
Administration fees (Note B)		428,166
Audit fees		111,198
Custodian and accounting fees		86,671
Insurance		4,259
Legal fees		100,761
Stock exchange listing fees		492
Stockholder reports		33,235
Stock transfer agent fees		8,531
Interest (Note A)		263,624
Directors' fees and expenses		25,921
Franchise and income tax		1,704
Total expenses		2,349,061
Net investment income/(loss)		$(1,429,900	)
Realized and Unrealized Gain/(Loss) on Investments (Note A):
Net realized gain/(loss) on:
Transactions in investment securities of unaffiliated issuers		(11,268,914	)
Settlement of foreign currency transactions		(8,480	)
Change in net unrealized appreciation/(depreciation) in value of:
Investment securities of unaffiliated issuers		112,875,121
Net gain/(loss) on investments		101,597,727
Net increase/(decrease) in net assets applicable to Common Stockholders resulting from operations		$100,167,827

See Notes to Financial Statements

10

Statements of Changes in Net Assets

Neuberger Berman
		MLP AND ENERGY INCOME FUND INC.
		Six Months
		Ended
		May 31, 2021			Fiscal Year Ended
		(Unaudited)			November 30, 2020
Increase/(Decrease) in Net Assets Applicable to Common Stockholders:
From Operations (Note A):
Net investment income/(loss)		$(1,429,900	)		$(4,197,456	)
Net realized gain/(loss) on investments		(11,277,394	)		(115,763,140	)
Change in net unrealized appreciation/(depreciation) of investments		112,875,121			(29,728,191	)
Net increase/(decrease) in net assets applicable to Common Stockholders resulting
from operations		100,167,827			(149,688,787	)
Distributions to Common Stockholders From (Note A):
Distributable earnings		-			-
Tax return of capital		(4,878,334	)		(18,264,004	)
Total distributions to Common Stockholders		(4,878,334	)		(18,264,004	)
Net Increase/(Decrease) in Net Assets Applicable to Common Stockholders		95,289,493			(167,952,791	)
Net Assets Applicable to Common Stockholders:
Beginning of period		241,774,557			409,727,348
End of period		$337,064,050			$241,774,557

See Notes to Financial Statements

11

Statement of Cash Flows (Unaudited)

Neuberger Berman
		MLP AND
		ENERGY INCOME
		FUND INC.
		For the
		Six Months
		Ended
		May 31, 2021
Increase/(Decrease) in cash:
Cash flows from operating activities:
Net increase in net assets applicable to Common Stockholders resulting from operations		$100,167,827
Adjustments to reconcile net increase in net assets applicable to Common Stockholders
resulting from operations to net cash provided by operating activities:
Changes in assets and liabilities:
Purchase of investment securities		(58,392,048	)
Proceeds from disposition of investment securities		30,815,203
Purchase/sale of short-term investment securities, net		(1,052,200	)
Increase in dividends and interest receivable		(11,154	)
Increase in prepaid expenses and other assets		(6,629	)
Increase in payable to investment manager		89,807
Increase in payable to administrator		29,936
Increase in payable to directors		390
Increase in interest payable		5,340
Increase in other accrued expenses and payables		612,601
Return of capital on dividends		8,826,759
Unrealized appreciation on investment securities of unaffiliated issuers		(112,875,121	)
Net realized loss from transactions in investment securities of unaffiliated issuers		11,277,394
Net realized loss foreign currency		(8,480	)
Net cash provided by/(used in) operating activities		$(20,520,375	)
Cash flows from financing activities:
Cash distributions paid on common stock		(4,879,625	)
Cash receipts from loan borrowings		25,400,000
Net cash provided by/(used in) financing activities		$20,520,375
Net increase/(decrease) in cash		-
Cash:
Cash and restricted cash at beginning of period		-
Cash and restricted cash at the end of period		$-
Supplemental disclosure:
Cash paid for interest		$258,284

See Notes to Financial Statements

12

Notes to Financial Statements Neuberger Berman MLP and Energy Income Fund Inc. (Unaudited)

Note A-Summary of Significant Accounting Policies:

1		General: Neuberger Berman MLP and Energy Income Fund Inc. (the 'Fund') was organized as a Maryland corporation on November 16, 2012 as a non-diversified, closed-end management investment company under the Investment Company Act of 1940, as amended (the '1940 Act'). The Fund's Board of Directors (the 'Board') may classify or re-classify any unissued shares of capital stock into one or more classes of preferred stock without the approval of stockholders. A balance indicated with a '-', reflects either a zero balance or a balance that rounds to less than 1. The Fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board ('FASB') Accounting Standards Codification ('ASC') Topic 946 'Financial Services - Investment Companies.' The preparation of financial statements in accordance with U.S. generally accepted accounting principles ('GAAP') requires Neuberger Berman Investment Advisers LLC ('Management' or 'NBIA') to make estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates.
2		Portfolio valuation: In accordance with ASC 820 'Fair Value Measurement' ('ASC 820'), all investments held by the Fund are carried at the value that Management believes the Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment under current market conditions. Various inputs, including the volume and level of activity for the asset or liability in the market, are considered in valuing the Fund's investments, some of which are discussed below. Significant Management judgment may be necessary to value investments in accordance with ASC 820. ASC 820 established a three-tier hierarchy of inputs to create a classification of value measurements for disclosure purposes. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below. ●Level 1 - unadjusted quoted prices in active markets for identical investments ●Level 2 - other observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, amortized cost, etc.) ●Level 3 - unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) The inputs or methodology used for valuing an investment are not necessarily an indication of the risk associated with investing in those securities. The value of the Fund's investments in equity securities (including master limited partnerships and limited partnerships), for which market quotations are readily available, is generally determined by Management by obtaining valuations from independent pricing services based on the latest sale price quoted on a principal exchange or market for that security (Level 1 inputs). Securities traded primarily on the NASDAQ Stock Market are normally valued at the NASDAQ Official Closing Price ('NOCP') provided by NASDAQ each business day. The NOCP is the most recently reported price as of 4:00:02 p.m., Eastern Time, unless that price is outside the range of the 'inside' bid and asked prices (i.e., the bid and asked prices that dealers quote to each other when trading for their own accounts); in that case, NASDAQ will adjust the price to equal the inside bid or asked price, whichever is closer. Because of delays in reporting trades, the NOCP may not be based on the price of the last trade to occur before the market closes. If there is no sale of a security on a particular day, the independent pricing services may value the security based on market quotations.

13

		The value of the Fund's investments in foreign securities is generally determined using the same valuation methods and inputs as other Fund investments, as discussed above. Foreign security prices expressed in local currency values are normally translated from the local currency into U.S. dollars using the exchange rates as of 4:00 p.m., Eastern Time on days the New York Stock Exchange ('NYSE') is open for business. The Board has approved the use of ICE Data Services ('ICE') to assist in determining the fair value of foreign equity securities when changes in the value of a certain index suggest that the closing prices on the foreign exchanges may no longer represent the amount that a Fund could expect to receive for those securities or on days when foreign markets are closed and U.S. markets are open. In each of these events, ICE will provide adjusted prices for certain foreign equity securities using a statistical analysis of historical correlations of multiple factors (Level 2 inputs). In the absence of precise information about the market values of these foreign securities as of the time as of which a Fund's share price is calculated, the Board has determined on the basis of available data that prices adjusted or evaluated in this way are likely to be closer to the prices a Fund could realize on a current sale than are the prices of those securities established at the close of the foreign markets in which the securities primarily trade. Management has developed a process to periodically review information provided by independent pricing services for all types of securities. Investments in non-exchange traded investment companies with a readily determinable fair value are valued using the respective fund's daily calculated net asset value ('NAV') per share (Level 2 inputs). If a valuation is not available from an independent pricing service, or if Management has reason to believe that the valuation received does not represent the amount the Fund might reasonably expect to receive on a current sale in an orderly transaction, Management seeks to obtain quotations from brokers or dealers (generally considered Level 2 or Level 3 inputs depending on the number of quotes available). If such quotations are not readily available, the security is valued using methods the Fund's Board has approved in the good-faith belief that the resulting valuation will reflect the fair value of the security. Inputs and assumptions considered in determining the fair value of a security based on Level 2 or Level 3 inputs may include, but are not limited to, the type of the security; the initial cost of the security; the existence of any contractual restrictions on the security's disposition; the price and extent of public trading in similar securities of the issuer or of comparable companies; quotations or evaluated prices from broker-dealers and/or pricing services; information obtained from the issuer and/or analysts; an analysis of the company's or issuer's financial statements; an evaluation of the inputs that influence the issuer and the market(s) in which the security is purchased and sold. Fair value prices are necessarily estimates, and there is no assurance that such a price will be at or close to the price at which the security is next quoted or next trades. In December 2020, the Securities and Exchange Commission ('SEC') adopted Rule 2a-5 under the 1940 Act, which establishes requirements for determining fair value in good faith for purposes of the 1940 Act, including related oversight and reporting requirements. The rule also defines when market quotations are 'readily available' for purposes of the 1940 Act, the threshold for determining whether a fund must fair value a security. The rule became effective on March 8, 2021, however, the SEC adopted an eighteen-month transition period beginning from the effective date. Management is currently evaluating this guidance.
3		Securities transactions and investment income: Securities transactions are recorded on trade date for financial reporting purposes. Dividend and distribution income is recorded on the ex-dividend date. Distributions received from the Fund's investments in master limited partnerships or limited liability companies that have economic characteristics substantially similar to master limited partnerships (collectively, 'MLPs') generally are comprised of ordinary income and return of capital from the MLPs. The Fund allocates distributions between income and return of capital based on estimates made at the time such distributions are received. Such estimates are based on information provided by each MLP and other industry sources. These estimates may subsequently

14

		be revised based on actual allocations received from MLPs after their tax reporting periods are concluded, as such the actual character of these distributions is not known until after the fiscal year end of the Fund. For the six months ended May 31, 2021, the Fund estimated the allocation of investment income and return of capital for the distributions received from MLPs within the Statement of Operations to be approximately 10.0% as income and approximately 90.0% as return of capital.
		Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Interest income, including accretion of discount (adjusted for original issue discount, where applicable), and accretion of discount on short-term investments, if any, is recorded on the accrual basis. Realized gains and losses from securities transactions are recorded on the basis of identified cost and stated separately in the Statement of Operations.
4		Foreign currency translations: The accounting records of the Fund are maintained in U.S. dollars. Foreign currency amounts are normally translated into U.S. dollars using the exchange rate as of 4:00 p.m. Eastern Time, on days the NYSE is open for business, to determine the value of investments, other assets and liabilities. Purchase and sale prices of securities, and income and expenses, are translated into U.S. dollars at the prevailing rate of exchange on the respective dates of such transactions. Net unrealized foreign currency gain/(loss), if any, arises from changes in the value of assets and liabilities, other than investments in securities, as a result of changes in exchange rates and is stated separately in the Statement of Operations.
5		Income tax information: The Fund, as a corporation, is obligated to pay federal and state income tax on its taxable income. Currently, the highest regular marginal federal income tax rate for a corporation is 21%.
		For federal income tax purposes, the estimated cost of investments held at May 31, 2021 was $244,300,549. The estimated gross unrealized appreciation was $155,648,738 and estimated gross unrealized depreciation was $1,256,545 resulting in net unrealized appreciation in value of investments of $154,392,193 based on cost for U.S. federal income tax purposes.
		The Fund invests a significant portion of its assets in MLPs, which generally are treated as partnerships for federal income tax purposes. As a limited partner in the MLPs, the Fund reports its allocable share of the MLP's taxable income or loss in computing its own taxable income or loss. The Fund's income tax expense or benefit is included in the Statement of Operations based on the component of income or gains (losses) to which such expense or benefit relates. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. A valuation allowance is recognized if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred income tax asset will not be realized.
		Components of the Fund's deferred tax assets and liabilities as of May 31, 2021, are as follows:

Deferred tax assets:
Net operating loss carryforwards		$	45,674,870
Capital loss carryforwards			80,528,874
Total deferred tax asset, before valuation allowance			126,203,744
Valuation allowance			(89,449,722	)
Net deferred tax asset, after valuation allowance			36,754,022
Deferred tax liabilities:
Unrealized gains on investment securities			36,754,022
Total net deferred tax asset		$	-

15

		At May 31, 2021, a valuation allowance on deferred tax assets was deemed necessary because Management does not believe that it is more likely than not that the Fund will be able to recognize its deferred tax assets through future taxable income. The impact of any adjustments to the Fund's estimates of future taxable income will be made in the same period that such determination is made. The Fund recognizes the tax benefits of uncertain tax positions only when the position is 'more likely than not' to be sustained upon examination by the tax authorities based on the technical merits of the tax position. The Fund's policy is to record interest and penalties on uncertain tax positions as part of tax expense. As of May 31, 2021, the Fund had no uncertain tax positions.
		Total income tax benefit differs from the amount computed by applying the federal statutory income tax rate of 21% to net investment loss and net realized and unrealized gains on investments for the six months ended May 31, 2021, as follows:

	Application of statutory income tax rate		$	21,035,242
	State income tax benefit, net of federal tax benefit			1,642,318
	Tax benefit on permanent items			(54,710	)
	Valuation allowance			(22,622,850	)
	Total income tax benefit		$	-

		Total income taxes are computed by applying the federal statutory rate plus a blended state income tax rate.
		Net operating loss carryforwards and capital loss carryforwards are available to offset future taxable income. The Fund has the following net operating loss carryforwards and capital loss carryforwards amounts:

		Net Operating Loss
Fiscal Period Ended		Carryforwards		Expiration
November 30, 2014			$	67,380,785			November 30, 2034
November 30, 2016				35,502,250			November 30, 2036
November 30, 2017				39,290,305			November 30, 2037
November 30, 2018				28,172,155			Not Applicable
November 30, 2019				17,466,578			Not Applicable
November 30, 2021				13,116,712			Not Applicable
			$	200,928,785
		Capital Loss
Fiscal Period Ended		Carryforwards		Expiration
November 30, 2016			$	227,011,538			November 30, 2021
November 30, 2019				10,808,793			November 30, 2024
November 30, 2020				107,146,257			November 30, 2025
November 30, 2021				10,733,137			November 30, 2026
			$	355,699,725

6

Distributions to common stockholders: The Fund has adopted a policy to pay common stockholders a stable monthly distribution. The Fund currently intends to pay distributions out of its distributable cash flow, which generally consists of cash and paid-in-kind distributions from MLPs or their affiliates, dividends from common stocks, interest from debt instruments and income from other investments held by the Fund less current or accrued operating expenses of the Fund, including taxes on Fund taxable income and leverage costs. Distributions to common stockholders relating to in-kind dividends or distributions received by the Fund on its investments will be paid in cash or additional shares of common stock. There is no assurance that the Fund will always be able to pay distributions of a particular size. The composition of the Fund's distributions for the calendar year 2021 will be reported to Fund stockholders on IRS Form 1099-DIV. Distributions to common stockholders are recorded on the ex-date.

16

		The Fund invests a significant portion of its assets in MLPs. The distributions the Fund receives from MLPs are generally composed of income and/or return of capital, but the MLPs do not report this information to the Fund until the following calendar year. At May 31, 2021, the Fund estimated these amounts within the financial statements since the information is not available from the MLPs until after the Fund's fiscal year-end. For the six months ended May 31, 2021, the character of distributions paid to stockholders disclosed within the Statement of Changes in Net Assets is based on estimates made at that time. All estimates are based upon MLP information sources available to the Fund. Based on past experience with MLPs, it is likely that a portion of the Fund's distributions during the current fiscal year will be considered tax return of capital, but the actual amount of the tax return of capital, if any, is not determinable until after the Fund's fiscal year-end. After calendar year-end, the Fund learns the nature of the distributions paid by MLPs during the previous year. After all applicable MLPs have informed the Fund of the actual breakdown of distributions paid to the Fund during its fiscal year, estimates previously recorded are adjusted on the books of the Fund to reflect actual results. As a result, the composition of the Fund's distributions as reported herein may differ from the final composition determined after fiscal year-end and reported to Fund stockholders on IRS Form 1099-DIV.
		On May 28, 2021, the Fund declared a monthly distribution to common stockholders in the amount of $0.0148 per share, payable on June 30, 2021 to common stockholders of record on June 15, 2021, with an ex-date of June 14, 2021. Subsequent to May 31, 2021, on June 30, 2021, the Fund announced an increase in its monthly distribution rate to $0.0163 per share of common stock, which is payable on July 30, 2021, to common stockholders of record on July 15, 2021, with an ex-date of July 14, 2021.
7		Expense allocation: Certain expenses are applicable to multiple funds within the complex of related investment companies. Expenses directly attributable to the Fund are charged to the Fund. Expenses borne by the complex of related investment companies, which includes open-end and closed-end investment companies for which NBIA serves as investment manager, that are not directly attributable to a particular investment company (e.g., the Fund) are allocated among the Fund and the other investment companies or series thereof in the complex on the basis of relative net assets, except where a more appropriate allocation of expenses to each of the investment companies or series thereof in the complex can otherwise be made fairly.
8		Financial leverage: In April 2015, the Fund entered into a $500 million secured, committed, margin facility with Société Générale, consisting of $300 million in committed floating-rate debt financing and $200 million in committed fixed-rate debt financing (the 'Facility').
		On January 15, 2016, the Fund entered into an amendment to the credit agreement underlying the Facility (the 'January Amendment'). The January Amendment waived prior compliance with, and amended certain terms relating to, the Fund's levels of net assets and the covenant relating to distributions; amended certain other terms relating to margin requirements; and reduced the amount of permitted leverage. On March 31, 2016, the Fund entered into an additional amendment to the credit agreement underlying the Facility (the 'March Amendment'). The March Amendment decreased the lender's total commitment from $500 million to $200 million, bringing the amount of available debt financing in line with the Fund's then-current asset level, and amended the terms of the commitment fees and duration of the floating-rate revolving portion of the Facility. On March 31, 2020, the Fund entered into an additional amendment to the credit agreement underlying the Facility (the '2020 Amendment'). The 2020 Amendment decreased the lender's total commitment from $200 million to $50 million, bringing the amount of available debt financing in line with the Fund's then-current asset level, and amended the terms of the commitment fees and duration of the floating-rate revolving portion of the Facility. The Fund paid $1,360,000 in breakage expenses/penalty fees in connection with the 2020 Amendment and repaid the outstanding amount of its fixed-rate loans. On March 31, 2021, the Fund entered into an additional amendment to the credit agreement underlying the Facility (the '2021 Amendment'). The 2021 Amendment increased the lender's total commitment from $50 million to $75 million, amended the terms of the commitment fee and spread-component of the interest rate, and extended the duration of the Facility, among other changes. The Fund now has access to committed financing of up to $75 million in floating-rate revolving loans due March 28, 2024. Under the Facility, interest is charged on floating-rate loans based on an adjusted LIBOR rate and is payable on the last day of each interest period.

17

		The Fund is required to pay a commitment fee under the Facility if the level of debt outstanding falls below a certain percentage. During the six months ended May 31, 2021, the Fund was required to pay this commitment fee. The commitment fee is included in the Interest expense line item that is reflected in the Statement of Operations. Under the terms of the Facility, the Fund is also required to satisfy certain collateral requirements and maintain a certain level of net assets.
		For the six months ended May 31, 2021, the average principal balance outstanding and average annualized interest rate under the Facility were approximately $45.9 million and 1.15%, respectively. At May 31, 2021, the principal balance outstanding under the Facility was $61.2 million.
9		Concentration of risk: Under normal market conditions, the Fund invests in MLPs and other energy companies, many of which operate in the natural resources industry. The natural resources industry includes companies involved in: exploration and production, refining and marketing, mining, oilfield service, drilling, integrated natural gas midstream services, transportation and storage, shipping, electricity generation, distribution, development, gathering, processing and renewable resources. The focus of the Fund's portfolio on a specific group of largely interrelated sectors may present more risks than if its portfolio were broadly diversified over numerous industries and sectors of the economy. A downturn in the natural resources industry would have a larger impact on the Fund than on an investment company that does not concentrate in such industry.
10		Indemnifications: Like many other companies, the Fund's organizational documents provide that its officers and directors are indemnified against certain liabilities arising out of the performance of their duties to the Fund. In addition, both in some of its principal service contracts and in the normal course of its business, the Fund enters into contracts that provide indemnifications to other parties for certain types of losses or liabilities. The Fund's maximum exposure under these arrangements is unknown as this could involve future claims against the Fund.
11		Other matters - Coronavirus: The outbreak of the novel coronavirus in many countries has, among other things, disrupted global travel and supply chains, and adversely impacted global commercial activity, the transportation industry and commodity prices in the energy sector. The impact of this virus has negatively affected and may continue to affect the economies of many nations, individual companies and the global securities and commodities markets, including liquidity and volatility. The development and fluidity of this situation precludes any prediction as to its ultimate impact, which may have a continued adverse effect on global economic and market conditions. Such conditions (which may be across industries, sectors or geographies) have impacted and may continue to impact the issuers of the securities held by the Fund.

Note B-Investment Management Fees, Administration Fees, and Other Transactions with Affiliates:

18

Note D-Recent Accounting Pronouncement:

Note E-Unaudited Financial Information:

19

Financial Highlights

MLP and Energy Income Fund Inc.

The following table includes selected data for a share of common stock outstanding throughout each period and other performance information derived from the Financial Statements. Amounts that do not round to $0.01 or $(0.01) per share are presented as $0.00 or $(0.00), respectively. Ratios that do not round to 0.01% or (0.01)% are presented as 0.00% or (0.00)%, respectively. A '-' indicates that the line item was not applicable in the corresponding period.

		Six Months Ended
		May 31, 2021		Year Ended November 30,
		(Unaudited)		2020		2019		2018		2017		2016
Common Stock Net Asset Value,
Beginning of Period			$	4.27				$	7.23			$	8.73			$	9.19			$	10.10			$	11.20
Income From Investment Operations
Applicable to Common Stockholders:
Net Investment Income/(Loss)¢				(0.02	)				(0.07	)			(0.15	)			(0.16	)			(0.19	)			(0.24	)
Net Gains/(Losses) on Securities
(both realized and unrealized)				1.79					(2.57	)			(0.69	)			0.36				(0.06	)			(0.00	)
Total From Investment Operations
Applicable to Common Stockholders				1.77					(2.64	)			(0.84	)			0.20				(0.25	)			(0.24	)
Less Distributions to Common
Stockholders From:
Net Investment Income				-					-				-				(0.54	)			-				-
Tax Return of Capital				(0.09	)				(0.32	)			(0.66	)			(0.12	)			(0.66	)			(0.86	)
Total Distributions to
Common Stockholders				(0.09	)				(0.32	)			(0.66	)			(0.66	)			(0.66	)			(0.86	)
Common Stock Net Asset Value,
End of Period			$	5.95				$	4.27			$	7.23			$	8.73			$	9.19			$	10.10
Common Stock Market Value, End of Period			$	4.80				$	3.28			$	6.32			$	7.53			$	8.44			$	9.33
Total Return, Common Stock Net Asset Value†				42.29	%@@				(35.28	)%			(9.22	)%			2.43	%			(2.62	)%			0.77	%
Total Return, Common Stock Market Value†				49.43	%@@				(43.13	)%			(8.11	)%			(3.80	)%			(3.19	)%			(1.55	)%
Supplemental Data/Ratios
Net Assets Applicable to Common
Stockholders, End of Period (in millions)			$	337.1				$	241.8			$	409.7			$	494.4			$	520.7			$	572.0
Ratios are Calculated Using Average Net
Assets Applicable to Common Stockholders
Ratio of Expenses Including Deferred Income
Tax (Benefit)/Expense#				1.59	%@				2.77	%			2.75	%			2.44	%			2.29	%			3.86	%
Ratio of Expenses Excluding Deferred Income
Tax (Benefit)/Expense				1.59	%@				2.77	%			2.75	%			2.55	%			2.29	%			3.86	%
Ratio of Net Investment Income/(Loss) Including
Deferred Income Tax Benefit/(Expense)#				(0.97	)%@				(1.62	)%			(2.27	)%			(1.69	)%			(1.79	)%			(2.80	)%
Ratio of Net Investment Income/(Loss) Excluding
Deferred Income Tax Benefit/(Expense)				(0.97	)%@				(1.62	)%			(2.27	)%			(1.80	)%			(1.79	)%			(2.80	)%
Portfolio Turnover Rate				9	%@@				41	%			29	%			35	%			15	%			49	%
Loans Payable (in millions)			$	61.2				$	35.8			$	145.0			$	161.0			$	161.0			$	142.5
Asset Coverage Per $1,000 of
Loans Payable, End of PeriodØ			$	6,508				$	7,754			$	3,826			$	4,234			$	4,234			$	5,014

See Notes to Financial Highlights

20

Notes to Financial Highlights MLP and Energy Income Fund Inc. (Unaudited)

¢	Calculated based on the average number of shares of common stock outstanding during each fiscal period.
†	Total return based on per share NAV reflects the effects of changes in NAV on the performance of the Fund during each fiscal period. Total return based on per share market value assumes the purchase of shares of common stock at the market price on the first day and sale of common stock at the market price on the last day of the period indicated. Distributions, if any, are assumed to be reinvested at prices obtained under the Fund's distribution reinvestment plan. Results represent past performance and do not indicate future results. Current returns may be lower or higher than the performance data quoted. Investment returns will fluctuate and shares of common stock when sold may be worth more or less than original cost.
@@	Not Annualized.
#	For the six months ended May 31, 2021, and for the years ended November 30, 2020, November 30, 2019, November 30, 2018, November 30, 2017, and November 30, 2016, the Fund accrued $0, $0, $0, $616,019, $0 and $0, respectively, for net deferred income tax benefit.
@	Annualized.
Ø	Calculated by subtracting the Fund's total liabilities (excluding loans payable and accumulated unpaid interest on loans payable) from the Fund's total assets and dividing by the outstanding loans payable balance.

21

Distribution Reinvestment Plan

American Stock Transfer & Trust Company, LLC (the 'Plan Agent') will act as Plan Agent for stockholders who have not elected in writing to receive dividends and other distributions in cash (each a 'Participant'), will open an account for each Participant under the Distribution Reinvestment Plan ('Plan') in the same name as its then-current shares of the Fund's common stock ('Shares') are registered, and will put the Plan into effect for each Participant as of the first record date for a dividend or other distribution after the account is opened.

Whenever the Fund declares a dividend or distribution with respect to the Shares, each Participant will receive such dividends and other distributions in additional Shares, including fractional Shares acquired by the Plan Agent and credited to each Participant's account. If on the payment date for a cash dividend or distribution, the net asset value is equal to or less than the market price per Share plus estimated brokerage commissions, the Plan Agent shall automatically receive such Shares, including fractions, for each Participant's account. Except in the circumstances described in the next paragraph, the number of additional Shares to be credited to each Participant's account shall be determined by dividing the dollar amount of the dividend or distribution payable on its Shares by the greater of the net asset value per Share determined as of the date of purchase or 95% of the then-current market price per Share on the payment date.

Should the net asset value per Share exceed the market price per Share plus estimated brokerage commissions on the payment date for a cash dividend or distribution, the Fund may, but is not required to, issue new Shares. If the Fund does not issue new Shares, and the net asset value per Share exceeds the market price per Share plus estimated brokerage commissions on the payment date for a cash dividend or distribution, then the Plan Agent or a broker-dealer selected by the Plan Agent shall endeavor, for a purchase period lasting until the last business day before the next date on which the Shares trade on an 'ex-distribution' basis, but in no event, except as provided below, more than 30 days after the payment date, to apply the amount of such dividend or distribution on each Participant's Shares (less their pro rata share of brokerage commissions incurred with respect to the Plan Agent's open-market purchases in connection with the reinvestment of such dividend or distribution) to purchase Shares on the open market for each Participant's account.

No such purchases may be made more than 30 days after the payment date for such dividend or distribution except where temporary curtailment or suspension of purchase is necessary to comply with applicable provisions of federal securities laws. If, at the close of business on any day during the purchase period the net asset value per Share equals or is less than the market price per Share plus estimated brokerage commissions, the Plan Agent will not make any further open-market purchases in connection with the reinvestment of such dividend or distribution. If the Plan Agent is unable to invest the full dividend or distribution amount through open-market purchases during the purchase period, the Plan Agent shall request that, with respect to the uninvested portion of such dividend or distribution amount, the Fund issue new Shares at the close of business on the earlier of the last day of the purchase period or the first day during the purchase period on which the net asset value per Share equals or is less than the market price per Share, plus estimated brokerage commissions, such Shares to be issued in accordance with the terms specified in the third paragraph hereof. These newly issued Shares will be valued at the then-current market price per Share at the time such Shares are to be issued.

For purposes of making the reinvestment purchase comparison under the Plan, (a) the market price of the Shares on a particular date shall be the last sales price on the New York Stock Exchange (or if the Shares are not listed on the New York Stock Exchange, such other exchange on which the Shares are principally traded) on that date, or, if there is no sale on such Exchange (or if not so listed, in the over-the-counter market) on that date, then the mean between the closing bid and asked quotations for such Shares on such Exchange on such date and (b) the net asset value per Share on a particular date shall be the net asset value per Share most recently calculated by or on behalf of the Fund. All dividends, distributions and other payments (whether made in cash or Shares) shall be made net of any applicable withholding tax.

22

Open-market purchases provided for above may be made on any securities exchange where the Fund's Shares are traded, in the over-the-counter market or in negotiated transactions and may be on such terms as to price, delivery and otherwise as the Plan Agent shall determine. Each Participant's uninvested funds held by the Plan Agent will not bear interest, and it is understood that, in any event, the Plan Agent shall have no liability in connection with any inability to purchase Shares within 30 days after the initial date of such purchase as herein provided, or with the timing of any purchases effected. The Plan Agent shall have no responsibility as to the value of the Shares acquired for each Participant's account. For the purpose of cash investments, the Plan Agent may commingle each Participant's funds with those of other stockholders of the Fund for whom the Plan Agent similarly acts as agent, and the average price (including brokerage commissions) of all Shares purchased by the Plan Agent as Plan Agent shall be the price per Share allocable to each Participant in connection therewith.

The Plan Agent may hold each Participant's Shares acquired pursuant to the Plan together with the Shares of other stockholders of the Fund acquired pursuant to the Plan in noncertificated form in the Plan Agent's name or that of the Plan Agent's nominee. The Plan Agent will forward to each Participant any proxy solicitation material and will vote any Shares so held for each Participant only in accordance with the instructions set forth on proxies returned by the Participant to the Fund.

The Plan Agent will confirm to each Participant each acquisition made for its account as soon as practicable but not later than 60 days after the date thereof. Although each Participant may from time to time have an undivided fractional interest (computed to three decimal places) in a Share, no certificates for a fractional Share will be issued. However, dividends and distributions on fractional Shares will be credited to each Participant's account. In the event of termination of a Participant's account under the Plan, the Plan Agent will adjust for any such undivided fractional interest in cash at the market value of the Shares at the time of termination, less the pro rata expense of any sale required to make such an adjustment.

Any Share dividends or split Shares distributed by the Fund on Shares held by the Plan Agent for Participants will be credited to their accounts. In the event that the Fund makes available to its stockholders rights to purchase additional Shares or other securities, the Shares held for each Participant under the Plan will be added to other Shares held by the Participant in calculating the number of rights to be issued to each Participant.

The Plan Agent's service fee for handling capital gains and other distributions or income dividends will be paid by the Fund. Participants will be charged their pro rata share of brokerage commissions on all open-market purchases.

Each Participant may terminate its account under the Plan by notifying the Plan Agent in writing. Such termination will be effective immediately if the Participant's notice is received by the Plan Agent not less than ten days prior to any dividend or distribution record date, otherwise such termination will be effective the first trading day after the payment date for such dividend or distribution with respect to any subsequent dividend or distribution. The Plan may be terminated by the Plan Agent or the Fund upon notice in writing mailed to each Participant at least 30 days prior to any record date for the payment of any dividend or distribution by the Fund.

These terms and conditions may be amended or supplemented by the Plan Agent or the Fund at any time or times but, except when necessary or appropriate to comply with applicable law or the rules or policies of the Securities and Exchange Commission or any other regulatory authority, only by mailing to each Participant appropriate written notice at least 30 days prior to the effective date thereof. The amendment or supplement shall be deemed to be accepted by each Participant unless, prior to the effective date thereof, the Plan Agent receives written notice of the termination of its account under the Plan. Any such amendment may include an appointment by the Plan Agent in its place and stead of a successor Plan Agent under these terms and conditions, with full power and authority to perform all or any of the acts to be performed by the Plan Agent under these terms and conditions. Upon any such appointment of any Plan Agent for the purpose of receiving dividends and other distributions, the Fund will be authorized to pay to such successor Plan Agent, for each Participant's account, all dividends and other distributions payable on Shares held in its name or under the Plan for retention or application by such successor Plan Agent as provided in these terms and conditions.

23

The Plan Agent shall at all times act in good faith and agrees to use its best efforts within reasonable limits to ensure the accuracy of all services performed under this Agreement and to comply with applicable law, but assumes no responsibility and shall not be liable for loss or damage due to errors unless such error is caused by the Plan Agent's negligence, bad faith, or willful misconduct or that of its employees. These terms and conditions are governed by the laws of the State of Maryland.

Reinvested dividends and distributions are taxed in the same manner as cash dividends and distributions - i.e., reinvestment in additional Shares does not relieve stockholders of, or defer the need to pay, any income tax that may be payable (or that is required to be withheld) on Fund dividends and distributions. Participants should contact their tax professionals for information on how the Plan impacts their personal tax situation. For additional information about the Plan, please contact the Plan Agent by telephone at 1-866-227-2136 or by mail at 6201 15th Avenue, Brooklyn, NY, 11219 or online at www.astfinancial.com.

24

Directory

Investment Manager and Administrator	Plan Agent
Neuberger Berman Investment Advisers LLC	American Stock Transfer & Trust Company, LLC
1290 Avenue of the Americas	Plan Administration Department
New York, NY 10104-0002	P.O. Box 922
877.461.1899	Wall Street Station
	New York, NY 10269-0560
Custodian
U.S. Bank, National Association	Overnight correspondence should be sent to:
1555 North Rivercenter Drive, Suite 302	American Stock Transfer & Trust Company, LLC
Milwaukee, WI 53212	6201 15th Avenue
	Brooklyn, NY 11219
Transfer Agent
American Stock Transfer & Trust Company, LLC	Legal Counsel
6201 15th Avenue	K&L Gates LLP
Brooklyn, NY 11219	1601 K Street, NW
Shareholder Services 866.227.2136	Washington, DC 20006-1600
	Independent Registered Public Accounting Firm
	Ernst & Young LLP
	200 Clarendon Street
	Boston, MA 02116

25

Proxy Voting Policies and Procedures

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities is available, without charge, by calling 800-877-9700 (toll-free) and on the SEC's website at www.sec.gov. Information regarding how the Fund voted proxies relating to portfolio securities during the most recent 12-month period ended June 30 is also available, upon request, without charge, by calling 800-877-9700 (toll-free), on the SEC's website at www.sec.gov, and on Neuberger Berman's website at www.nb.com.

Quarterly Portfolio Schedule

The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year as an exhibit to its report on Form N-PORT. The Fund's Forms N-PORT are available on the SEC's website at www.sec.gov. The portfolio holdings information on Forms N-PORT is available upon request, without charge, by calling 800-877-9700 (toll-free).

26

FACTS		WHAT DOES NEUBERGER BERMAN DO WITH YOUR PERSONAL INFORMATION?
Why?		Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.
What?		The types of personal information we collect and share depend on the product or service you have with us. This information can include: ■Social Security numbers, dates of birth and other numerical identifiers ■Names and addresses ■Driver's licenses, passports and other identification documents ■Usernames and passwords ■Internet protocol addresses and other network activity information ■Income, credit history, credit scores, assets, transaction history and other financial information When you are no longer our customer, we continue to share your information as described in this notice.
How?		All financial companies need to share customers' personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers' personal information; the reasons Neuberger Berman chooses to share; and whether you can limit this sharing.

Reasons we can share your personal information	Does Neuberger Berman share?	Can you limit this sharing?
For our everyday business purposes- such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus	Yes	No
For our marketing purposes- to offer our products and services to you	Yes	No
For joint marketing with other financial companies	No	We don't share
For our affiliates' everyday business purposes- information about your transactions and experiences	Yes	No
For our affiliates' everyday business purposes- information about your creditworthiness	No	We don't share
For nonaffiliates to market to you	No	We don't share

Questions?		Call 646.497.4003 or 866.483.1046 (toll-free) Email [email protected]

This is not part of the Fund's stockholder report.

Page 2

Who we are
Who is providing this notice?	Entities within the Neuberger Berman family of companies, mutual funds, and private investment funds.
What we do
How does Neuberger Berman protect my personal information?	To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include physical, electronic and procedural safeguards, including secured files and buildings. We restrict access to customer information to those employees who need to know such information in order to perform their job responsibilities.
How does Neuberger Berman collect my personal information?	We collect your personal information directly from you or your representatives, for example, when you ■seek advice about your investments ■give us your contact or income information ■provide account information or open an account ■direct us to buy or sell securities, or complete other transactions ■visit one of our websites, portals or other online locations We may also collect your personal information from others, such as credit bureaus, affiliates, or other companies.
Why can't I limit all sharing?	Federal law gives you the right to limit only ■sharing for affiliates' everyday business purposes-information about your creditworthiness ■affiliates from using your information to market to you ■sharing for nonaffiliates to market to you State laws and individual companies may give you additional rights to limit sharing.
Definitions
Affiliates	Companies related by common ownership or control. They can be financial and nonfinancial companies. ■Our affiliates include companies with a Neuberger Berman name; financial companies, such as investment advisers or broker dealers; mutual funds, and private investment funds.
Nonaffiliates	Companies not related by common ownership or control. They can be financial and nonfinancial companies. ■Nonaffiliates we share with can include companies that perform administrative services on our behalf (such as vendors that provide data processing, transaction processing, and printing services) or other companies such as brokers, dealers, or counterparties in connection with servicing your account.
Joint marketing	A formal agreement between nonaffiliated financial companies that together market financial products or services to you. ■Neuberger Berman doesn't jointly market.

This is not part of the Fund's stockholder report.

				Neuberger Berman Investment Advisers LLC 1290 Avenue of the Americas New York, NY 10104-0002 Internal Sales & Services 877.461.1899 www.nb.com
				Statistics and projections in this report are derived from sources deemed to be reliable but cannot be regarded as a representation of future results of the Fund. This report is prepared for the general information of stockholders and is not an offer for shares of the Fund.
				N0131 07/21

(b) Not applicable.

Item 2. Code of Ethics.

The Board of Directors ('Board') of Neuberger Berman MLP and Energy Income Fund Inc. ('Registrant' or 'Fund') has adopted a code of ethics that applies to the Registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions ('Code of Ethics'). During the period covered by this Form N-CSR, there were no substantive amendments to the Code of Ethics and there were no waivers from the Code of Ethics granted to the Registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions.

A copy of the Code of Ethics is incorporated by reference to Neuberger Berman Income Funds' Form N-CSR, Investment Company Act file number 811-03802 (filed June 30, 2020). The Code of Ethics is also available, without charge, by calling 1-800-877-9700 (toll-free).

Item 3. Audit Committee Financial Expert.

Not applicable to semi-annual reports on Form N-CSR.

Item 4. Principal Accountant Fees and Services.

Not applicable to semi-annual reports on Form N-CSR.

Item 5. Audit Committee of Listed Registrants.

Not applicable to semi-annual reports on Form N-CSR.

Item 6. Schedule of Investments.

(a)	The complete schedule of investments for the Registrant is disclosed in the Registrant's semi-annual report, which is included as Item 1 of this Form N-CSR.

(b)	Not applicable.

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable to semi-annual reports on Form N-CSR.

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

(a)	Not applicable to semi-annual reports on Form N-CSR.

(b)	There have been no changes in any of the Portfolio Managers since the Registrant's most recent annual report on Form N-CSR.

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

No reportable purchases for the period covered by this report.

Item 10. Submission of Matters to a Vote of Security Holders.

There were no material changes to the procedures by which stockholders may recommend nominees to the Board.

Item 11. Controls and Procedures.

Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

Item 13. Exhibits.

The certification furnished pursuant to Rule 30a-2(b) under the Act and Section 906 of the Sarbanes-Oxley Act will not be deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, as amended ('Exchange Act'), or otherwise subject to the liability of that section. Such certification will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent that the Registrant specifically incorporates it by reference.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Neuberger Berman MLP and Energy Income Fund Inc.

By:	/s/ Joseph V. Amato
	Joseph V. Amato
	Chief Executive Officer and President

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By:	/s/ Joseph V. Amato
	Joseph V. Amato
	Chief Executive Officer and President

By:	/s/ John M. McGovern
	John M. McGovern
	Treasurer and Principal Financial
	and Accounting Officer

Date: July 30, 2021